Broadview Group Holdings, LLC (“Broadview”), a leader in direct middle-market investing, announced today it has partnered with Carlson Private Capital (“CPC”) in its investment in Millennium (“Company”) along with management and other co-investors.
Based in Delavan, WI and founded in 2004, Millennium is a leading value-added distributor and service provider to the broadband infrastructure and related industries. The Company provides products and solutions to over 2,500 active customers comprised of networks, contractors, DOTs, municipalities, and utilities. In addition to industry-leading products, Millennium offers an extensive suite of services and capabilities to support the unique needs of each customer throughout every step of their network infrastructure project execution.
“Millennium’s business model fits squarely within our focus in the specialty distribution space,” said Clay Hunter, Co-Founder and Chief Executive Officer at Broadview. “The ability to partner with another like-minded investment firm in a sector we both know extremely well represents what can be done outside of the traditional private equity model. We believe Millennium sits at an inflection point in the buildout of broadband infrastructure in historically underserved markets across North America and that it will continue to deliver top-tier service and product selection to its customers. James Kyle, the founder and Chief Executive Officer of Millennium, and his team have made Millennium a tremendous success to date, and we’re thrilled to be a part of the next chapter of Millennium’s evolution.”
“We were thrilled to involve Clay and his team on this transaction based on Broadview’s deep insights in the specialty distribution space,” said Andy Cantwell, CPC Managing Partner. “We align extremely well with the Broadview team because of their unique structure and permanent capital base, coupled with their purposeful vision and culture that prioritizes a growth-minded approach to long-term investing.”
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